Securities code: Unittec Co.Ltd(000925) securities abbreviation: Unittec Co.Ltd(000925) Announcement No.: pro 2022030
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Unittec Co.Ltd(000925) (hereinafter referred to as “the company”), in accordance with the accounting standards for business enterprises, the guidelines for the standardized operation of companies listed on the main board of Shenzhen Stock Exchange, the main board information disclosure business Memorandum No. 1 – matters related to the disclosure of periodic reports and the relevant provisions of the company’s accounting policies, and based on the principle of prudence, the company Provision for impairment of inventories and long-term equity investments is made. The details are as follows: I. basis and method of provision for asset impairment
(I) basis and method for withdrawing bad debt reserves of accounts receivable
According to the credit risk characteristics of various accounts receivable and contract assets, the management measures its loss reserves according to the expected credit loss amount equivalent to the whole duration based on individual accounts receivable and contract assets or the combination of accounts receivable and contract assets. For the accounts receivable and contract assets that measure the expected credit loss on a single basis, the management estimates the expected cash flow received by comprehensively considering the reasonable and reliable information about the past events, the current situation and the prediction of future economic conditions, and determines the accrued bad debt reserves accordingly; For the accounts receivable and contract assets that measure the expected credit loss on the basis of portfolio, the management divides the portfolio based on the aging, refers to the historical credit loss experience, and adjusts it according to the forward-looking estimation, and prepares the comparison table between the aging of accounts receivable and contract assets and the expected credit loss rate, so as to determine the accrued bad debt reserves.
(II) basis and method for withdrawing inventory falling price reserves
At the end of the reporting period, the company’s inventory is measured at the lower of cost and net realizable value, and the inventory falling price reserves are withdrawn according to the difference between the cost of a single inventory or inventory category and the net realizable value.
(III) for long-term equity investment, fixed assets, construction in progress, intangible assets with limited service life and other long-term assets, if there are signs of impairment on the balance sheet date, the recoverable amount shall be estimated. For the goodwill formed by business combination and intangible assets with uncertain service life, whether there are signs of impairment or not, impairment test shall be carried out every year. Goodwill is tested for impairment in combination with its related asset group or combination of asset groups. 2、 Details of the current provision for impairment
In accordance with the accounting standards for business enterprises, the guidelines for the standardized operation of companies listed on the main board of Shenzhen Stock Exchange, the main board information disclosure business Memorandum No. 1 – matters related to the disclosure of periodic reports and the relevant provisions of the company’s accounting policies, and based on the principle of prudence, the company has made impairment provisions for notes receivable, accounts receivable, other receivables, contract assets, inventories and long-term equity investments in 2021, The details are as follows:
Unit: RMB 10000
Current amount of the project
Credit impairment loss 308957
Asset impairment loss 139426
Total 448383
3、 Main details of the current provision for impairment
The provision for asset impairment accrued this time includes bad debt provision for notes receivable, bad debt provision for accounts receivable, bad debt provision for other receivables, provision for impairment of contract assets, provision for inventory depreciation and provision for impairment of long-term equity investment. (I) provision for bad debts of notes receivable
Asset Name: notes receivable
Book value (yuan): 1007849972
Expected credit loss rate: 3% is accrued within one year, 10% is accrued based on the provision for asset impairment in 1-2 years, 20% in 2-3 years, 50% in 3-5 years and 100% in more than 5 years.
Accrued amount (yuan): 11655154
The reason for withdrawal is to evaluate the expected credit risk and measure the expected credit loss according to the combination
(II) provision for bad debts of accounts receivable
Asset name accounts receivable
Book value (yuan): 130465157304
Expected credit loss rate: 3% is accrued within one year, 10% is accrued based on the provision for asset impairment in 1-2 years, 20% in 2-3 years, 50% in 3-5 years and 100% in more than 5 years.
Accrued amount (yuan): 2892898080
The reason for withdrawal is to evaluate the expected credit risk and measure the expected credit loss according to the combination
(III) bad debt provision for other receivables
Asset name other receivables
Book value (yuan): 45430243500
Expected credit loss rate: 3% is accrued within one year, 10% is accrued based on the provision for asset impairment in 1-2 years, 20% in 2-3 years, 50% in 3-5 years and 100% in more than 5 years.
Accrued amount (yuan): 185011892
The reason for withdrawal is to evaluate the expected credit risk and measure the expected credit loss according to the combination
(IV) provision for impairment of contract assets
Asset Name: contract assets
Book value (yuan): 97396944501
The company uses the simplified measurement method to measure the loss provision according to the expected credit loss amount in the basis period equivalent to the current withdrawal of asset impairment provision for the whole survival, and the loss provision is withdrawn at 3%.
Accrued amount (yuan): 756627474
The reason for withdrawal is to evaluate the expected credit risk and measure the expected credit loss according to the combination
(V) inventory falling price reserves
Asset name inventory
Book value (yuan): 26197920769
The company’s inventory is measured at the lower of cost and net realizable value, and the provision for inventory falling price is withdrawn according to the difference between the cost of a single inventory or inventory category and the net realizable value.
Accrued amount (yuan): 283888635
The net realizable value is determined by the amount of the estimated selling price of relevant finished products minus the cost incurred by the reason for the estimated payment to completion, the estimated selling expenses and relevant taxes
(VI) provision for impairment of long-term equity investment
Asset Name: long term equity investment
Book value (yuan): 104617347334
The basis for withdrawing the provision for asset impairment this time is that if the recoverable amount of the asset is lower than its book value, the provision for asset impairment shall be recognized according to the difference and included in the current profit and loss.
Accrued amount (yuan): 353748803
If the recoverable amount of the asset is lower than its book value due to the reason for the withdrawal, the asset impairment provision shall be recognized according to the difference and included in the current profit and loss.
4、 Impact on the company’s financial situation and operating results
The amount of credit impairment loss accrued this time is 308957 million yuan, and the amount of asset impairment loss is 139426 million yuan, which will reduce the company’s net profit attributable to the parent company in 2021 by 392472 million yuan.
It is hereby announced.
Unittec Co.Ltd(000925) board of directors
April 20, 2002
